---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-066677"
form_type: "8-K"
ticker: "NHP"
cik: "0001561032"
company_name: "National Healthcare Properties, Inc."
filed_at: "2023-05-31T23:59:59+00:00"
generated_at: "2026-06-14T10:27:25.852929+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Healthcare Trust closes $240M loan at 6.453%, repays $196M credit facility

## Summary
- Loan secured by 62 medical office buildings, 10-year term, interest-only at 6.453%.
- Proceeds used to repay $196M and terminate the KeyBank credit facility, removing restrictive covenants.
- Remaining ~$39M available for general corporate purposes, including acquisitions.
- Company also terminated interest rate swap contracts that hedged the prior credit facility.

## SEC filing metadata
- accession: 0001104659-23-066677
- form_type: 8-K
- ticker: NHP
- cik: 0001561032
- company_name: National Healthcare Properties, Inc.
- filed_at: 2023-05-31T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 1.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1561032/000110465923066677/0001104659-23-066677-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1561032/000110465923066677/tm2317316d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-066677
- JSON: https://secwatch.observer/filing/0001104659-23-066677.json
- Plain text: https://secwatch.observer/filing/0001104659-23-066677.txt

## Key facts
- Material Agreements
  National Healthcare Properties, Inc. entered into Loan Agreement with Barclays Capital Real Estate Inc., Société Générale Financial Corporation and KeyBank National Association valued at $240 million (effective 2023-05-24).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Barclays Capital Real Estate Inc., Société Générale Financial Corporation and KeyBank National Association
  - Value: $240 million
  - Effective: 2023-05-24
  source text: On May 24, 2023, Healthcare Trust, Inc. (the “Company”), through certain subsidiaries (collectively, the “Borrowers”) of its operating partnership, Healthcare Trust Operating Partnership, L.P. (the “OP”), entered into a non-recourse Loan Agreement (the “Loan Agreement”), with (i) Barclays Capital Real Estate Inc., (ii) Société Générale Financial Corporation and (iii) KeyBank National Association (each individually, a “Lender,” and collectively, the “Lenders”), in the aggregate amount of $240 million (the “Loan”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1561032/000110465923066677/0001104659-23-066677-index.htm
- Material Agreements
  National Healthcare Properties, Inc. terminated Credit Facility valued at approximately $196 million (effective 2023-05-24).
  - Action: termination
  - Agreement: credit facility
  - Value: approximately $196 million
  - Effective: 2023-05-24
  source text: At the closing of the Loan, the Company applied approximately $196 million of the Loan proceeds to repay and terminate the Company’s existing credit facility (the “Credit Facility”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1561032/000110465923066677/0001104659-23-066677-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.